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NET - Zscaler: The Valuation Is Low For The Expected Growth
Cloudflare Inc - Class A
In recent years, emerging cloud stocks have delivered nicely and have outperformed the whole information technology sector. But, 2019 has seen investors doubting about the fundamentals of those high-flyers as their growth rates have significantly decelerated and their ability to improve profits has been slight.
A typical high-flyer of late 2018 and early 2019 was Zscaler (ZS), whose revenue growth accelerated from 49% in the quarter ending April 30, 2018, to 65% in the quarter ending January 31, 2019, justifying a stock price that doubled during that time and almost